Shawmut Design and Construction has joined Draper and Wexford Science & Technology to break ground on the 111,000-square-foot Integrated Microelectronics Production & Advanced Chip Technology (IMPACT) Center in Lowell, Massachusetts.
Guitar Center filed for Chapter 11 bankruptcy reorganization with a plan to keep its stores up and running while cutting about $800 million in debt. The company is the largest US retailer of musical instruments, with about 300 namesake stores and upward of 200 Music
First Hospitality has opened the 122-key Residence Inn by Marriott Columbus Airport. The property is the first extended stay hotel at John Glenn Columbus International Airport, that also acted as partner for the development, together with Rockbridge Capital. Read the Commercial Property Executive story here
A $300 million residential and commercial project in Chattanooga, Tennesse is one of two major projects that has won approval from the city and county’s planning commission. The other is a plan by JMB Construction for 200 homes spanning 121.5 acres. Read the Chattanooga Times
Torchy’s Tacos has completed a new fundraise, bringing in several new investment firms to its ownership group to fuel a rapid expansion that could more than double its unit count by 2024. Read the Restaurant Business online story here
The Kansas City Zoo in Missouri has received permission to build a $75 million aquarium and hopes to design the structure and begin construction next year. The Kansas City Parks and Recreation Board of Commissioners has approved the 600,000-gallon aquarium covering 60,000 square feet. Read
Outlet malls are well-positioned amid the pandemic and the associated economic disruption, as their open-air layout and evolving mix of tenants are aligned with consumer preferences. Read The Business Journals story here
Hunt Realty plans to build four skyscrapers as part of a mixed-use village near Victory Park in Dallas, according to The Dallas Morning News. The redevelopment covers 11 acres and offers more than 3.75 million square feet of space, with the largest tower rising 83
Union Square Hospitality Group will close its restaurants to indoor and outdoor dining and focus on fulfilling off-premises orders, holding virtual events and preparing meals for the nonprofit Rethink Food. Read the Restaurant Hospitality online story here
Work is underway on a $101 million science center in Omaha, Nebraska The Kiewit Luminarium is named after the construction company donating to the project, which forms part of a riverfront renovation. Read the Omaha World-Herald story here
The Plaza Hotel & Casino in Las Vegas is upgrading its security protocols with a multi-sensor covert threat detection platform driven by artificial intelligence. The device will alert security personnel to dangerous situations such as physical altercations or customers carrying weapons. In addition, the technology
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